CFPB analyst cites 'profound' mortgage servicer community impact

FHFA reaches $280 million RMBS settlement with Barclays

RMBS settlement total now exceeds $16 billion

Whalen: Nonbanks are taking over mortgage originations

Regulators "get in the way"
W S
Servicing / The Ticker

Homeowner advocates target Demarco in Obama's first 100 days

/ Print / Reprints /
| Share More
/ Text Size+

For the last few years, Ed DeMarco, head of the FHFA, has obstinately and ideologically opposed principal reduction/correction — resetting mortgages to fair market value — even though it’s been documented by FHFA, Fannie and Freddie themselves that this would be a good policy for homeowners and taxpayers. Principal reduction is the bold and fair policy we need at Fannie, Freddie and through the banks to fix the housing crisis, rebuild our communities, create jobs, and reset the economy.
 



Source: The Hill
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus